Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) have been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company.

Several equities research analysts have recently commented on the company. Mitsubishi UFJ Financial Group began coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They issued a “buy” rating for the company. Weiss Ratings cut Mitsubishi UFJ Financial Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, July 14th. Finally, Erste Group Bank initiated coverage on Mitsubishi UFJ Financial Group in a research note on Thursday, June 25th. They set a “buy” rating for the company.

Mitsubishi UFJ Financial Group Price Performance

Shares of NYSE:MUFG opened at $22.91 on Monday. The firm’s 50 day moving average price is $20.48 and its 200-day moving average price is $18.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $271.95 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.10 and a beta of 0.39. Mitsubishi UFJ Financial Group has a twelve month low of $13.62 and a twelve month high of $23.08.

Institutional Trading of Mitsubishi UFJ Financial Group

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Mitsubishi UFJ Financial Group by 43.8% during the 1st quarter. AQR Capital Management LLC now owns 334,909 shares of the company’s stock valued at $4,565,000 after buying an additional 101,930 shares in the last quarter. Focus Partners Wealth increased its stake in Mitsubishi UFJ Financial Group by 14.8% in the 1st quarter. Focus Partners Wealth now owns 15,959 shares of the company’s stock worth $218,000 after buying an additional 2,058 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Mitsubishi UFJ Financial Group by 245.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,790 shares of the company’s stock worth $65,000 after buying an additional 3,403 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Mitsubishi UFJ Financial Group by 104.1% during the first quarter. Acadian Asset Management LLC now owns 41,909 shares of the company’s stock valued at $571,000 after acquiring an additional 21,379 shares during the period. Finally, Sivia Capital Partners LLC raised its holdings in Mitsubishi UFJ Financial Group by 68.8% during the second quarter. Sivia Capital Partners LLC now owns 35,190 shares of the company’s stock valued at $483,000 after acquiring an additional 14,347 shares during the period. 13.59% of the stock is owned by hedge funds and other institutional investors.

About Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group, Inc (MUFG) is a Tokyo-based financial services holding company and one of Japan’s largest banking groups and among the world’s leading financial institutions. The group was formed through the integration of Mitsubishi Tokyo Financial Group and UFJ Holdings and operates a comprehensive suite of banking and financial services for retail, corporate, and institutional clients. MUFG’s core banking operations are conducted through its commercial banking arm and a network of domestic and international subsidiaries and affiliates.

MUFG offers a broad range of products and services including commercial and retail banking, corporate and investment banking, global transaction banking, trust banking, asset management, securities and brokerage services, credit cards, consumer finance, leasing and custody services.